Springfield bank is evaluating creek enterprise

Debt analysis Springfeld Bank is evaluating Creek Enterprisos, which has requesed a S Creek's recent fnancial statements, evaluate and recommend appropriate action on the loen request Debt rato Times interest eamed relo Fxed-ptyment coverage ro Indusltry average051 7.22 Creek Enterprises Income StatomontE Creek Enterprises Balance Sheet Creok Enterprises's deb raio i .33(Round to two deoimal places Creek Enterpises's Sis interes eamed atio is 3.78 (Round to two decimel places) Creek Enterprises's faed payment ooveage ratio is 2.1 (Round to two deoimal places) Complete the folowing summary of ratios and compare Creek Enterprises's ratios vs the industry aveage (Round to two decimal places Creek 3 Times interest eaned ratio Fixed payment coverage ratio 0.51 7.22 1.80 Do you agree or dsagree wih the decision below? Because Creek Enlerprises has a much higher degree of indebtedness and much lower abity to service deibt than the average fm in the industry, the loan should be rejected Agree (Select om the dp-down menu)